https://cdn.gophotonics.com/news/1_638563659688356551.jpg712370
Luxium Solutions, a worldwide technology leader and provider of high-performance crystals used in photonics and radiation detection applications, has completed the successful acquisition of Inrad Optics. This strategic acquisition strengthens Luxium’s portfolio of innovative products and provides significant resources, operational expertise, and capacity investment for Inrad Optics.
“I would like to thank our customers, shareholders, and other stakeholders for their continued support over the past 51 years,” said Amy Eskilson, President and CEO of Inrad Optics. “I would also like to extend my heartfelt thanks to our Board of Directors for their support and guidance throughout the acquisition process. We are well positioned for future success.”
“We are excited to collaborate with Inrad Optics' seasoned team of technical and industry experts. We believe this acquisition will significantly enhance the range and value of solutions we can provide to our customers,” said Michael Cahill, CEO of Luxium Solutions. “Both Luxium and Inrad Optics contribute complementary technical expertise in applied material sciences and optics, empowering our customers' applications. This partnership marks a significant step in expanding our capabilities, resources, and the added value we can offer to our customers globally.”
Luxium, Inrad Optics, and PLX Inc. (acquired by Luxium in May 2024) anticipate leveraging the combined strengths and resources of all three organizations to deliver enhanced value to their customers, stakeholders, and employees. This move underscores Luxium's commitment to growth and innovation within the optics and photonics industry.
About Luxium Solutions
Headquartered in Hiram, Ohio, Luxium is recognized as a worldwide technology leader and provider of single crystal scintillation materials for radiation detection applications, as well as sapphire and garnet substrates for photonics and power electronics. The Company differentiates itself with capabilities and know-how in crystal growth, packaging and integration, and unique intellectual property supported by a portfolio of greater than 170 patents. With 400+ employees across production facilities in the US, France, and India, and sales offices in China and Japan, Luxium serves a global base of 650+ customers across a diverse set of applications across medical imaging, security and border protection, semiconductor, aerospace and defense, oil and gas and other industrial markets.
Click here to know more about synthetic sapphire crystal.
